B.A. (ECONOMICS) SYLLABUS SEMESTER V: CORE COURSE (Credits - 4) PAPER - V: INDIAN ECONOMY

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1 SEMESTER V: CORE COURSE (Credits - 4) PAPER - V: INDIAN ECONOMY Unit I: Basic Structure of the Indian Economy Concepts of Development, Underdevelopment Basic Features of Indian Economy: Growth and Structural Changes in Indian Economy Demographic Features Population: Size, Growth, Composition and their Implications on Indian Economy Concept of Demographic Dividend Occupational Distribution of Population in India Population Policy of India. Unit II: National Income, Poverty and Unemployment Estimation of National Income Trends and Composition of National Income in India Income Inequalities in India: Magnitude, Causes, Consequences and Remedial Measures Poverty in India: Concept, Types, Causes and Consequences Unemployment in India: Concept, Types, Trends, Causes and Consequences Poverty Alleviation and Employment Generation Programmes in India. Unit III: Planning and Public Policy Five Year Plans: Concept and Objectives Review of Five Year Plans NITI Aayog Economic Reforms: Liberalization, Privatization and Globalization Impact of WTO on Indian Economy. Unit IV: Agricultural and Industrial Sectors Importance and Role of Agriculture in Indian Economy Trends in Agricultural Production and Productivity Land Reforms Green Revolution Agricultural Finance Agricultural Marketing Agricultural Pricing Food Security in India.Structure, Growth, Importance and Problems of Indian Industry Large, Medium and Small Scale Industries: Role and Problems Industrial Policies of 1948, 1956 and 1991 FEMA and Competition Commission of India Disinvestment Policy Foreign Direct Investment. References: SK Misra and Puri Ishwar C Dhigra Dutt and Sundaram : Indian Economy, Himalaya Publishing House : The Indian Economy: Environment and Policy, SC Chand & Sons, New Delhi : Indian Economy

2 SEMESTER V: DISCIPLINE SPECIFIC ELECTIVES (Credits : 4) PAPER -VI (A): ECONOMICS OF DEVELOPMENT AND INFRASTRUCTURE Unit-I: Economic Development and Growth Concepts of Economic Growth and Development - Measuring Economic Development: Per Capita Income, Basic Needs, Physical Quality of Life Index (PQLI), Human Development Index (HDI) and other indices Unit-II: Factors of Economic Development Characteristics of Under Developed Countries - Factors determining Economic Development - Population and Economic Development - Theories of Demographic Transition - Human Resource Development and Economic Development. Unit-III: Theories of Economic Development Nurkse's Balanced Growth Strategy, Hirschman's Un-balanced Growth Strategy Lewis Theory of Unlimited Supply of Labour Rodan s Big-push Theory Schumpeter s Theory of Innovations - Choice of Techniques. Unit-IV: Infrastructure and Economic Development Infrastructure and Economic Development Infrastructure as a Public Good Social and Physical Infrastructure Special Characteristics of Public Utilities Social Infrastructure: Education and Health.Energy: Sources of Energy: Renewable and Nonconventional Energy FactorsDetermining Demand and Supply of Energy Information and Communication Technology (ICT) Role of ICT in Economic Development Transportation: Modes of Transport Role of Transportation in Economic Development. References: Mier, Gerald, M Todaro, Micheal P GhatakSubrata Sukumoychakravarthy Misra & Puri : Leading issues in Economic Development, OUP, Delhi : Economic Development in the third world, Orient Longman, Hyderabad : Introduction to development economics : Development Planning- Indian Experience, OUP, Delhi Economic Development and Planning, theory and practice Crew, M.A & P.R. Kleindorfer: Public Utility Economics, Macmillian, London. Kneafsey, J.T : Transportation Economic Analysis, Lexington, Torouts. McCrakis, M.S.(Ed.) : Energy, Demand Conservation and Institution Problems, Macmillan, London. Norton, HS : Modern Transport Economics, CE Merrill, London. Panchamukhi, P.R. : Economics of Health: A Trend Report in ICSSR, A Survey of

3 Research in Economics, Vol. VI, Infrastructure, Allied, Delhi. B.A. (ECONOMICS) SYLLABUS SEMESTER V: DISCIPLINE SPECIFIC ELECTIVES PAPER -VI (B): FINANCIAL INSTITUTIONS AND MARKETS Unit - I: Financial System An Introduction Financial System: Concept, Nature Functions of the Financial System The Structure of the Financial System - Financial Market Development: Indicators Equilibrium in Financial Markets Financial System and Economic Development. Unit - II: Banking in India Commercial banks: Types, Functions Process of Credit Creation - Functions of Central Bank - The Aims and Objectives of the Monetary Policy - Instruments of Monetary Policy - Definition and Types of Non-bank Financial Institutions: Their Growth and Impact on India s Economic Development - Financial Sector Reforms in India. Unit - III: Development Banking Development Bank: Concept, Functions and Importance Different Development Banks Investment Banking Merchant Banking Unit -IV: Financial Markets Money Market: Concept, Components and Functions Capital Market: Concept, Components and Functions - Call Money Market Treasury Bill Market - Commercial Bill Market Commercial Paper and Certificate of Deposits- Discount Market - Stock Exchange: Concepts and Functions SEBI: Functions - Recent Changes in New Issues. Foreign Exchange Market Exchange Rates - Devaluation, and Depreciation International Liquidity Lending Operations of IMF World Bank - IDA and IFC - ADB BRICS - Euro- Dollar and Euro-Currency Markets: Their Developmental Role and Regulation at the International Level -Foreign Exchange Market in India. Reference: : Financial Institutions and Bhole, L.M. (1999) Markets, Tata McGraw Hill Company Ltd., Ne w Delhi. : Indian Financial System, Chugh Bhole, L.M. (2000) Publications, Allahabad. : Financial Markets, (4th Edition), Chandra, P. (1997) Tata McGraw Hill, : Financial Institutions, Markets Edminster, R.O. (1986) and Manage ment,

4 Fishe r, G.E. and R.J. Jordan (1992) Goldsmith, R.W. (1969) Hanson, J.A. and S. Kathuria (Eds.) (1999) Harker, P.T. and S.A. Zenios (ed.), (2000) Johnson, H.J (1996) : Financial Institutions and Markets, Tata McGraw Khan, M.Y. (1996) Machiraju, H.R. (1997) Machiraju, M.R. (1999) Ohlson, J.A. (1987) Prasad, K.N. (2001) : Development of India's Financial System, Sarup& Rangarajan, C. (1999) Robinson, R.I and D. Wightman (1981) Smith, P.F. (1978) McGraw Hill, New York. : Security Analysis and Portfolio Manage ment, Eastern Economy Edition, : Financial Structure and Development, Yale, London. : India: A Financial Sector for the Twenty-first Century, Oxford University Press, : Performance of Financial Institutions, Cambridge University Press, Cambridge. Hill, : Indian Financial System, Tata McGraw Hill, New Delhi. : International Financial Markets in India, Wheeler Publishing, Allahbad. : Indian Financial Systems, Vikas Publishing House, : The Theory of Financial Markets and Institutions, North Holland, Amsterdam. Sons, : Indian Economics: Essays on Money and Finance, UBS Publication, : Financial Markets, McGraw Hill, London. : Money and Financial Intermediation: The Theory and Structure of Financial System, Prentice Hall,

5 SEMESTER V: DISCIPLINE SPECIFIC ELECTIVES PAPER -VI (C): AGRICULTURAL ECONOMICS Unit- I: Agriculture and Economic Development Nature and scope of agricultural and rural economics; Traditional agriculture and its modernization; Role of agriculture in economic development; Interdependence between agriculture and industry. Agricultural development, sources of rural credit in India. Unit- II: Agricultural Production and Productivity Agricultural production Resource use and efficiency; Production function analyses in agriculture; Factor combination and resource substitution, Farm size and productivity relationship laws of returns Supply response of individual crops, Technical change, labour absorption in Agriculture. Unit- III: Agricultural Marketing and Prices Marketing and state policy; Agricultural markets; Regulated markets; Marketed and marketable surplus; Marketing channels, Price spread,behavior of agricultural prices - Terms of trade between agricultural and non-agricultural prices; Need for state intervention; Objectives of agricultural price policy Unit- IV: Agricultural Growth in India Recent trends in agricultural growth in India; Inter-regional variations in growth of output and productivity; Cropping pattern shifts; Supply of inputs - Pricing of inputs and role of subsides: Distribution of gains from technological change; Role of Public investment and capital formation in Indian agriculture; Strategy of agricultural development; Sustainable agriculture and Food Security. International trade in agricultural commodities: Commodity agreements; Globalization of Indian economy and problems and prospects of Indian agriculture; Impact of World Trade Organization on Indian agriculture. References 1. Bhaduri, A. (1984) The Economic Structure of Backward Agriculture, Macmillan, Delhi. Bilgrami, S.A.R. (1996), Agricultural Economics, Himalaya Publishing House, Delhi. 2. Dantwala M.L. Et al, (1991) Indian Agricultural Development Since Independence, Oxford & IBH 3. Gulati, A. and t. Kelly (1999), Trade Liberalisation and Indian Agriculture, Oxford University Press, 4. Joshi. P.C. (1975), Land Reforms in India: Trends and Prospects, Allied Publishers, Bombay. 5. Kahlon, A.S. and Tyagi D S (1983), Agriculture Price Policy in India, Allied Publishers, 6. Rao. C.H. Hanmantha (1975), Agricultural Growth, Rural Poverty and Environmental Degradation in India, Oxford University Press,

6 7. Rudra, A (1982), Indian Agricultural Economics, Myths and Reality, Allied Publishers, 8. Saini, G.R. (1979), Farm Size, Resource Use Efficiency and Income Distribution, Allied Publishers Upender,M.(1990),Marketable an

7 Semester - V ECONOMICS OF EDUCATION Generic Elective (Credits: 2) Unit - I Introduction to Economics of Education: Definition and scope of Economics of Education. Education as Consumption and Investment goods; Human capital: the concept; Components of Human capital-human Capital vs. Physical Capital. Unit - II Benefits of Education: Direct and Indirect Benefits; Private and Social Benefits; Problems in the Measurement of Costs and Benefits. Cost-Benefit Analysis in Education References 1.Blaug, Mark (1972) : Introduction to Economics of Education. Penguin, London. 2.Becker, G.S. (1974) : Human Capital. 2nd Edn., NBER, New York 3.Berman, P and M.E.Khan (1989) : Paying for India s Health Care. Sage Publications 4.Cohn, E and T.Gaske (1989): Economics of Education, Pergamon Press, London. 5.Klarman, H.E. (1965) : Economics of Health, Columbia University Press, New York.